Business organisation the CBI, which had lobbied hard for the UK to remain in the EU, called for “strong and calm leadership” from the Government to ensure economic stability as Brexit kicks in.
Director-general Carolyn Fairbairn described the vote as a “momentous turning point” in the country’s history. 
“The country has spoken and it’s for us all to listen,” she said.
“Many businesses will be concerned and need time to assess the implications. But they are used to dealing with challenge and change and we should be confident they will adapt.
“The urgent priority now is to reassure the markets. We need strong and calm leadership from the Government, working with the Bank of England, to shore up confidence and stability in the economy.
“The choices we make over the coming months will affect generations to come. This is not a time for rushed decisions.
“The CBI will be consulting its members and business is committed to working with Government to shape the best possible conditions for future prosperity.”
Institute of Directors director-general Simon Walker added: “Business will welcome a pause so that the heat can be taken out of the situation before Article 50 [of the treaty on European Union] is triggered and the formal process for leaving the EU begins.
“In the short-term, David Cameron has reassured the country that nothing will change for firms employing EU citizens, or for businesses’ trading relationships. For those wishing to replace him, we urge top priority is placed on negotiating a new arrangement that gives UK companies access to the single market, and the much-needed skills of EU workers.”
The British Chambers of Commerce said the government’s response to the vote would be vital for businesses.
Acting director-general Adam Marshall said: “The health of the economy must be the number one priority – not the Westminster political postmortem.
“Business will also want to see a detailed plan to support the economy during the coming transition period – as confidence, investment, hiring and growth would all be deeply affected by a prolonged period of uncertainty. If ever there were a time to ditch the straitjacket of fiscal rules for investment in a better business infrastructure, this is it.”
